Audio By Carbonatix
Education Minister Haruna Iddrisu has called for a portion of Ghana’s oil revenue to be dedicated to sustaining the No Fees Stress Policy, amid growing concerns over the programme’s financial future.
Speaking at a stakeholders’ engagement organised by the Students Loan Trust Fund on Friday, September 5, Mr. Iddrisu proposed that 2.5% of the country’s oil revenue be channelled into scholarships and bursaries to guarantee the policy’s sustainability.
He cautioned that relying solely on the GETFund would be inadequate.
The policy, designed to ease the financial burden of tertiary education, has come under scrutiny from analysts who describe it as politically appealing but fiscally fragile without a clear funding framework.
Meanwhile, CEO of the Students Loan Trust Fund, Dr. Saajida Shiraz has reassured students that reimbursements would begin in the coming months, a move she believes will help ease tensions and restore trust.
The future of the policy now depends on whether government can secure sustainable funding, as stakeholders call for urgent action and students await the promised reimbursements.
Latest Stories
-
Mahamud Iddi wins TCL Electronics worth GH¢100,000 in EGL’s Akye3de3 Kese3 Promotion
2 hours -
Lands Minister, NAIMOS mourn fallen soldier killed during anti-galamsey operation in Obuasi
2 hours -
Ghana Impact Project donates $20k to restore mobility for children
2 hours -
JoyNews’ Kwaku Asante named Best Radio and TV Journalist in Parliamentary Reporting
3 hours -
Education Ministry updates EMIS indicators to strengthen ICT integration in schools
4 hours -
Interior Ministry declares Christmas, Boxing Day and New Year’s Day public holidays
4 hours -
President Mahama directs Finance Ministry to disburse $78m for completion of Takoradi–Agona-Nkwanta road
4 hours -
Interior Minister lauds NIA staff for dedication, pledges continued government support
4 hours -
First Atlantic Bank will run a “proper and decent business” to protect shareholder value – CEO
5 hours -
First Atlantic Bank targets African expansion as IPO strengthens capital, governance
5 hours -
First Atlantic Bank CEO attributes IPO and GSE listing decision to renewed confidence in Ghana’s economy
5 hours -
GPL 2025/26: Bechem United end All Blacks 6-game unbeaten run
5 hours -
Eggs fly off shelves as shoppers throng The Multimedia Group’s X’mas Egg Market on final day
6 hours -
Bankable energy: Why Africa’s downstream sector is the next global investment frontier
6 hours -
Working Capital Management: Do’s and don’ts to consider for 2026
7 hours
